NOBLE INVINCIBLE NORGE A/S
Credit rating
Company information
About the company
NOBLE INVINCIBLE NORGE A/S (CVR number: 35230335) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 13 mUSD in 2023, demonstrating a decline of -88.5 % compared to the previous year. The operating profit percentage was poor at -0.7 % (EBIT: -0.1 mUSD), while net earnings were -136 kUSD. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak but Return on Equity (ROE) was -0.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NOBLE INVINCIBLE NORGE A/S's liquidity measured by quick ratio was 61.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 163 051.00 | 160 684.00 | 176 758.00 | 113 133.00 | 13 038.00 |
Gross profit | 10 737.00 | 10 236.00 | 11 379.00 | 2 149.00 | -89.00 |
EBIT | 10 737.00 | 10 236.00 | 11 379.00 | 2 149.00 | -89.00 |
Net earnings | 8 661.00 | 13 541.00 | 8 331.00 | 256.00 | - 136.00 |
Shareholders equity total | 15 528.00 | 26 069.00 | 27 429.00 | 15 685.00 | 15 549.00 |
Balance sheet total (assets) | 56 699.00 | 56 391.00 | 58 165.00 | 41 389.00 | 15 806.00 |
Net debt | 21 565.00 | 18 371.00 | 20 308.00 | 20 026.00 | -17.00 |
Profitability | |||||
EBIT-% | 6.6 % | 6.4 % | 6.4 % | 1.9 % | -0.7 % |
ROA | 19.8 % | 21.4 % | 19.9 % | 4.9 % | 3.7 % |
ROE | 68.2 % | 65.1 % | 31.1 % | 1.2 % | -0.9 % |
ROI | 32.2 % | 28.9 % | 24.5 % | 5.9 % | 4.2 % |
Economic value added (EVA) | 7 957.34 | 10 779.82 | 7 636.66 | 147.48 | - 851.36 |
Solvency | |||||
Equity ratio | 27.4 % | 46.2 % | 47.2 % | 37.9 % | 98.4 % |
Gearing | 138.9 % | 70.5 % | 74.0 % | 127.7 % | 0.0 % |
Relative net indebtedness % | 24.4 % | 18.4 % | 17.3 % | 22.7 % | 1.8 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.9 | 1.9 | 1.6 | 61.5 |
Current ratio | 1.4 | 1.9 | 1.9 | 1.6 | 61.5 |
Cash and cash equivalents | 19.00 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 71.6 | 61.4 | 37.5 | 65.8 | |
Net working capital % | 10.3 % | 16.7 % | 15.6 % | 13.9 % | 119.3 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | C |
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